Groupon Inc. ousted Andrew Mason as chief executive officer a day after reporting results that disappointed investors and underscored his failure to cope with diminished demand for daily coupons, the company’s main product.
Groupon Inc., which last month rejected a $6 billion takeover offer from Google Inc., isn’t convinced it will sell shares in an initial public offering anytime soon, said Chief Executive Officer Andrew Mason .
Some Groupon Inc. directors plan to discuss a possible leadership change amid concern that Chief Executive Officer Andrew Mason is mishandling the company’s turnaround, a person familiar with the matter said.
Groupon Inc. slumped the most since November after forecasting sales that missed estimates, underscoring the challenge facing Andrew Mason, whose board has already considered replacing him as chief executive officer.
Groupon Inc. is preparing a revamped version of its website, starting with “thumbs up” and “thumbs down” buttons to help the daily coupon service do a better job tailoring offers to its 33 million active users.